Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 3Q10 Earnings Presentation
7 slides from Sao Martinho's earnings presentation
Slide 1: 3Q10 Earnings Conference Call
3Q10 Earnings Conference Call 2009/2010 Harvest
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements relating to the business outlook, operating and financial projections, and the growth prospects of São Martinho S.A. These statements merely represent projections and as such are based exclusively on management’s expectations about the
Slide 3: Highlights – 3Q10
HIGHLIGHTS – 3Q10 Adjusted EBITDA and Margin Sugar R$ - Milhares Ethanol Volume – ‘000 tons Volume – ‘000 m3 R$ - Million Price – R$ / ton Price – R$ / m3 3 0 0 .0 37.9% 3 5 0 .0 731.5 8 0 0 .0 949.4 1 ,0 0 0 .0 4 0 .0 % 2 5 0 .0 3 5 .0 % 7 0 0 .0 782.6 29.2% 588.1 3 0 0 .0 8 0 0 .0 122.8 3 0 .0 % 2
Slide 4: Ethanol Market
ETHANOL MARKET Chart 1 Ethanol Prices 4Q09 1Q10 2Q10 3Q10 Adverse weather had a negative impact on 1.40 1.30 sugarcane quality and crushing rates; 1.20 1.10 Demand was driven by solid growth in the R$ / LITER 1.00 flex-fuel fleet; 0.90 0.80 In the next harvest year, the Center-South 0.70 Region coul
Slide 5: Sugar Market
SUGAR MARKET Chart 1 Chart 2 Chart 3 Sugar Price Performance Sugar Production Sugar Contracts - NY11 US$ ¢/pound Center-South - UNICA US$ ¢/pound 25.00 Million tonnes 31 29 20.00 26.6 28.4 27 Mar/10 15.00 25 May/10 10.00 July/10 23 5.00 + 1.7 MT Oct/10 21 Mar/11 0.00 19 1st Q 2nd Q 3rd Q 2008/2009 H
Slide 6: Quarterly Results
QUARTERLY RESULTS 3Q10 3Q09 Change Net Revenues 324,157 220,816 +46.8 % EBITDA (Adjusted) 122,787 64,412 +90.6 % EBITDA margin (Adjusted) 37.9% 29.2% +8.7 p.p. Impact – Sugar Hedge (27,645) n.m. n.m. Impact – FX Hedge 6,580 n.m. n.m. EBITDA (Hedge) 101,722 n.m. n.m. EBITDA (Hedge) Margin 31.4% n.m.
Slide 7: IR Contacts
IR Contacts João do Val CFO and IR Officer Felipe Vicchiato Investor Relations Alexandre Gorla Investor Relations Analyst João Carvalho do Val - Diretor Financeiro e de Relação com Investidores Denise Araújo Phone: +55 11Francisco 2105-4100 Gerente de RI E-mail: ri@saomartinho.ind.br denise.francisc